MCA Revises Key Committee Under Chartered Accountants Act

The Ministry of Corporate Affairs (MCA) has recently issued an official notification dated June 30, 2025, with a reference number F. No. 01/10/2024 – PI/MCA., published in the Gazette of India, Extraordinary, signed by Inder Deep Singh Dhariwal, who is the Joint Secretary of the Ministry of Corporate Affairs. The notice says that in exercise of powers granted under Section 28A of the Chartered Accountants Act, 1949, the Government of India is introducing amendments to an earlier notification that was originally issued on January 19, 2011, through Gazette number G.S.R. 38(E).

Section 28A of the Chartered Accountants Act, 1949, permits the Central Government of India to amend the composition of certain committees related to the functioning of Chartered Accountants.

The initial notification established a committee or panel, and in previous years, the notification has been amended several times (as mentioned at the bottom in the official notification). The current notification is mainly regarding replacing or updating the names and designations of some members in the committee. According to the new notification, the following substitutions have been introduced:

1. Substitution of Serial Numbers (1) and (2)

The initial committee list includes two members, as listed below in serial numbers 1 and 2. These old entries are now being substituted with new names and designations, as follows:

• (1) Ms. Meenakshi Gupta, IAAS (Retd.), is appointed as the chairperson of the committee. Her address is H.No. 7, Road No. 9, East Punjabi Bagh, New Delhi – 110026.
• (2) Shri Malladi Siva Subrahmanyam, IAAS 1993 (Retd.), is appointed as a member of the committee. His address is C/o T.V. Gopala Rao, Advocate, 11-4-3/1, Near Seven Hills Hospital, Nehru Nagar, Visakhapatnam – 530002.

Meaning, the individuals who were earlier placed in these above roles are now being substituted by these two retired officers from the Indian Audit and Accounts Service (IAAS).

2. Substitution of Serial Number (5)

Another major amendment is introduced to serial number (5) in the original list:

Shri Naveen Singhvi has now been appointed as a member. His designation is Principal Director (Commercial-II) in the office of the Comptroller and Auditor General (CAG) of India. His office address is Pocket-9, Deen Dayal Upadhyaya Marg, New Delhi – 110124.

Meaning, the individual who was earlier placed in the above role is now being substituted with Shri Naveen Singhvi.

These stated amendments are set to be effective from June 30, 2025. Refer to the official notification for more related information.